Progressive Corp (PGR · NYSE)
PGR · MARKET VIEW
Market view · as of Sep 21, 2026
Revenue (TTM)
$91.02B
+7.3% YoY
Gross margin
18.5%
EPS (latest q)
$4.85
vs $4.70 est · beat
52-wk position
52.4%
-9.0% vs 52w high · -3.1% 1mo
Price (last ~year)
Progressive shares have slipped 3.1% over the past month to $213.48, though the stock remains 2.3% above its 200-day moving average and trades at a P/E of 10.71 with a market cap of $123.90B. June-quarter results showed revenue of $23.62B (up from $22.18B in March) and net income of $3.31B, with the company beating estimates in three of its last four earnings reports. August net premiums written rose 6% to $7,605M, though monthly net income fell 22% to $951M. Institutional activity was mixed in Q2, with Bank of America initiating a $2.68B stake while Corient and Waverly Advisors trimmed positions.
Valuation
- Market cap
- $123.90B
- P/E
- 10.71
- PEG
- 65.46
- P/B
- 3.609
- P/S
- 1.361
- EV/EBITDA
- 21.85
- Beta
- 0.259
- Analyst target
- $231.38
Quality & returns
- Gross margin
- 18.5%
- Operating margin
- 18.2%
- Profit margin
- 12.9%
- ROE
- 34.9%
- ROA
- 7.8%
Price movement
- Last
- $213.48
- 1-month
- -3.1%
- 3-month
- -3.1%
- RSI (14)
- 41
- vs SMA200
- +2.3%
- 52-wk position
- 52.4% -9.0% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $23.62B | $4.21B | $3.31B | $4.38B |
| 2026-03-31 | $22.18B | $3.57B | $2.82B | $3.71B |
| 2025-12-31 | $22.74B | $3.68B | $2.95B | $3.83B |
| 2025-09-30 | $22.51B | $3.32B | $2.62B | $3.47B |
Recent news
- Neutral Progressive reports 6% rise in August net premiums written By Investing.com · 2026-09-18
- Bullish U.S. Army Veteran to Receive 2024 Freightliner Cascadia Through Progressive's Keys to Progress® Program · 2026-09-17
- Neutral Ambiq Micro CEO Fumihide Esaka Discloses Stock Option Exercises and Share Sales in September 2026 · 2026-09-16
- Somewhat-Bullish Bank of America Corp DE Invests $2.68 Billion in The Progressive Corporation $PGR · 2026-09-15
- Somewhat-Bullish Corient Private Wealth LP Reduces Holdings in The Progressive Corporation $PGR · 2026-09-12
- Neutral Waverly Advisors LLC Reduces Position in The Progressive Corporation $PGR · 2026-09-11
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)